CLA has served as the “exclusive financial advisor” to Earth Development, Inc (EDI) throughout its process of being acquired by Crosswalk Capital (Crosswalk).
EDI provides mission-critical snow and ice management services, as well as lawn and landscaping services.The company’s customer base spans a “broad range” of industries and business sizes. EDI is headquartered in Green Bay, WI and serves approximately 500 customer locations across the Midwest.
Meanwhile, Crosswalk Capital is led by its founder Eddy Zakes and has financial backing from a number of investment firms and/or high net-worth individuals.
Stewart Etten and his team from Wausau-based law firm Ruder Ware acted as EDI’s legal counsel on the transaction. Quality of earnings advisory was led by Joe Baez of CLA.
Ben Axelrod, managing director and group head investment banking at CLA, said: “We designed and executed our process so that Justin and Katie could have strong options to consider while staying true to their post-transaction objectives.
“In selecting Crosswalk as the ultimate buyer, Justin and Katie Rollin (owners of EDI) found an optimal mix of value recognition and realization of their non-financial goals.”